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20110701
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-selling sunday newspaper "the news of the world" is being shut down by murdoch's news international. the closure comes after a public outcry. but it has not lifted the spot line of the murdoch empire which controls 40% of newspaper circulations in the u.k. and has worldwide reach. the bbc business editor robert preston starts our coverage. >> rupert murdoch, 1969, shortly after he bought a newspaper which was to become his very profitable pride and joy. >> 4 give the individual, by all means. but you cannot forget. >> he may have well have made the remarks about the newspaper that has shocked us here in the paper that has been printed for 168 years became indelibly linked with the worst practices in british journalism. mr. murdoch says it could not be amended. >> clearly practices of certain individuals did not live up to the standards and quality of journalism that we believe in and that i believe in. and that his company believes in good this company has been a great investor in journalism, a greater investor in me yet in general and it is something that we believe very strongly in. clearly, c
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